There are few things as difficult as trying to get out of debt. Whether you’ve been struggling on and off for years or were just recently hit with a large and unexpected financial burden, the hopelessness that accompanies being severely in debt can feel impossible to overcome.
We’ve compiled a list of some of our most relevant posts to help you look towards the future with your head held high while planning how to get out of debt.
Causes of Debt:
- Want more information regarding the main causes of credit card debt that everyone should be aware of? Read this.
- Here’s a post on how to put the brakes on debt.
- Not sure which of your past behaviours might have hurt credit score? Here are some of the most common negative credit habits a person can have (and how to break them before they do irreparable damage to your credit score).
- Are you going into debt?
- Curious about how many other people are in your situation? Here are some of the most common credit problems Canadians face.
- Here’s a list of some bad credit warning signs to pay attention to before the problem becomes too big for you to handle.
Recognizing the Problem and Finding Help:
- Being harassed by debt collectors? Here’s how to make them stop calling you.
- Is it time for a credit intervention?
- Here’s how to stay calm when faced with money troubles.
- Asking for help can be one of the hardest parts of working through debt. Here are some tips on how to reach out to others when you need assistance.
Strategies to Get Out of Debt:
- You’re ready to face your debt head on … you’re just not sure how. Read this to find out whether the snowball or the avalanche method makes more sense for your particular situation.
- Considering loan refinancing? Here’s what you need to know.
- Curious about whether debt consolidation might be the best solution? Read this.
- Depending on the severity of your debt, you may seriously be considering filing for bankruptcy. But there’s another option you should know about before making a decision: a consumer proposal. Click here to learn the difference between a proposal and bankruptcy so you can choose the option that makes the most sense for you.
Re-Establishing Your Credit Score:
- Whether you’ve already started to get a handle on your debt or your trying to plan for the future, it’s never too early to educate yourself. Here’s how to re-establish your credit after dealing with debt.
- Looking for more resources on building your credit? Check out this post.
- There’s a difference between good debt and bad debt. How much do you know about both categories?
- Credit utilization is a vital part of your credit score and can significantly impact your credit history. Learn more about the different components that make up your score right here.
- It’s important to understand up front all the different financial factors that can negatively impact your score so you can prevent them from happening. Here’s a post that outlines some of the most common reasons for your credit score to drop.
Still feeling overwhelmed by the thought of getting a handle on your debt? We can help. Fill out our online application right here to book an appointment today!